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by dave_sullivan
1179 days ago
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Netflix and other tech stocks did not lose their value over decades, it happened over the course of months. But yes, market volatility is a thing for stocks as well as bitcoin. They're the same in that regard. "Bitcoin to zero" is a matter of faith at this point, I don't see it happening and I haven't heard anyone explain a good model for how it happens. US is certainly trying its best to outlaw it. Still won't go to zero. I think my larger point is if the government wants to go after something, go after fraud--in crypto or "Fintech" or banks or stocks or whatever. And mostly they are! But then they're also leaning on banks to cut off the ability to convert crypto to fiat and that's a bunch of bullshit. |
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